Additional information

Overview:

Our goal is to both build and preserve our client’s wealth. To that end, we invest in high-quality, well-managed companies at reasonable valuations and hold them for the long term.

Our investment advice is tailored to your individual needs with each account managed to meet your investment objectives given your risk tolerance.

We understand that your investment portfolio means a lot more to you than just dollars and cents. It’s about your goals for the future. That is why we manage each portfolio as if it were our own--with the care and attention individual investors have come to expect from us since 1994 .

Our staff consists of experienced professionals with a "hands on" approach to financial guidance. Not only will you find our team members knowledgeable, but you will also discover that our staff truly cares about making your dreams a reality. As your Financial Professionals, we will do everything in our power to keep you focused on where you want to go, advise you on how to get there, and continually remind you of the importance of maintaining a disciplined approach to realizing your dreams.

We find great businesses at reasonable prices through extensive research.

As long-time students of the stock market, Hendershot Investments has developed a database of valuation models to rank the relative merits of the companies we follow. We scour annual reports, SEC filings and corporate news releases to independently determine company valuations, thereby avoiding the pitfalls of herd-mentality investing. Listening to quarterly management conference calls keeps us abreast of corporate developments and gives us insight into the heartbeat of corporate leadership.

We adhere steadfastly to rigorous buy and sell disciplines.

Our number one rule on the buy side is “Don’t overpay for a stock.” Our focus on business fundamentals and valuation measures puts us solidly in the value camp of investors. However, we would rather pay a “fair price for a great business than a great price for a fair business.”

As Philip Fisher stated in Common Stocks and Uncommon Profits, “If the job has been done correctly when a stock is purchased, the time to sell is almost never.” While we concur with the thrust of his statement which minimizes transaction costs, there will be occasions to sell. If business fundamentals deteriorate and the “problems” don’t appear temporary, we will sell the stock. Another reason to sell occurs when a stock’s price moves significantly ahead of the underlying business value. In this case, we will trim back the overvalued position.

We believe in patient investing for the long term.

Quintessential investor, Ben Graham, described the stock market in the short term as an imperfect voting machine where stock prices are based partly on emotion and partly on reason. In the long term, the stock market is a weighing machine where prices are driven by fundamentals. For this reason, we are willing to wait patiently until Mr. Market recognizes the value of our high-quality firms.

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Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

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